Posts Tagged ‘Bush Administration’
The National Scene - Wednesday, April 14, 2010 14:50 - 0 Comments
The debate still is ongoing as to why and how our nation’s economy was almost destroyed during the Bush years. In fairness to President Bush, the problems began even before he took office in 2001. There were also some key legislative leaders involved who must share the blame with the Bush Administration on this issue. One of them is former Senator Phil Gramm, the architect of a number of measures that became law, that were special-interest created and driven. Senator Gramm would be near the top of any list of suspects when you attempt to figure out what led to the economic meltdown.
Most economists agree that the economic crisis facing this country wouldn’t have happened but for the Gramm-Leach-Bliley Act. The banking deregulation bill eliminated the structural restraints that had prohibited commercial banks from the speculation that brought the United States perilously close to a major depression last year. Interestingly, it was the same Senator Gramm who was a co-sponsor of the Commodity Futures Modernization Act of 2000. That legislation exempted over-the-counter derivatives from regulation. The unregulated trading of derivatives – especially credit default swaps – directly resulted in the $181 billion bailout of AIG (the insurance giant that was too big to fail) and the collapse of Lehman Brothers (the investment bank which most felt couldn’t sink). But Senator Gramm didn’t stop there.
- The Root Of All Evil
- Bush Administration Quietly Working To Weaken Clean Air Act
- EPA Overstating Inforcement Record
- The Bush Administration Should Be Held Accountable
- Hopefully Bush’s Bailout won’t totally destroy our economy
- Bush Administration’s preemption claims blasted in report
- The bailout leaves lots of unanswered questions
- The firings of U.S. attorneys will be investigated
- The rise and fall of the Bush Administration
- The federal government dropped the ball
- A look at cases to be heard by the U.S. Supreme Court
- The most important election since the Hoover days
- Bush Administration rule on pollution struck down
- Federal preemption is un-American
- The funding of the Alabama supreme court race
- Politics delays tanker project for Alabama
- Greed and irresponsibility are the root cause of our Nation’s economic problems
- The Bush administration takes us close to the Hoover days
- Birds of a feather flock together
- Jere Beasley Report, April 2013
- Marc McHenry Hired As Investigator
- Alabama to Receive $1,039,078 in Multi-State Settlement
- COSTCO Recalls Gold Coast Crab Dip
- Major Banks Assist In Payday Loans Banned By States
- We Have Allowed A Culture Of Violence To Be Created In The U.S.
- Parting Words
- Closing Observations
- Favorite Bible Verses
- WSFA News Defenders Interviews
- Beasley Allen Hosts The Child Safety Helmet Giveaway
- SPLC Looks At How Payday And Title Loans Prey On Alabama’s Poorest
- Employee Spotlights
- Natura Pet Expands Recall Of Dry Pet Foods
- Winn-Dixie Recalls Organic Apple Juice On Mold Fears
- Manda Packing Recalling 468,000 Pounds Of Meat
- Carter’s Recalls Infant Clothings With Zippers Due To Choking Hazard
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